IMO many posters on this thread are either invested in
BHP or RIO or both and consequently they may be
sprucing their hip pockets.
The truth of the matter is:
-BHP is about 65% US owned
-RIO is about 50% US owned
In the event of a Trump led escallation of the US/China
economic war , both companies, particuluarly BHP, may be caught
in the US/China crossfire.
Add to that that Aus has outlawed Aus membership of China's BRI
which relegates Aus to being the supplier of last resort by China
giving preference to BRI IO producers such as Brazil etc.
That said, IMO , China will likely favour FMG above BHP or RIO.
Also , IMO, China will favour RIO above BHP because China &
RIO have a major African IO joint venture .
https://www.news.com.au/finance/business/us-ownership-of-australias-biggest-companies/news-story/5e0361d3e4433be0c4c1c40c8254cac1
https://www.reuters.com/world/africa/rio-tintos-african-iron-ore-project-receives-all-necessary-approvals-2024-07-16/#:~:text=The%20giant%20Simandou%20iron%20ore,after%20it%20reaches%20full%20capacity.Rio's China joint venture is comming on line soon which will increase global supply/reduce price, IMO.
Add to that China's further investment in Brazilian IO will add to that supply at a time that
the anti-China posters on other threads are predicting a severe downturn in China's economy.
So, in summary.
China's pecking order will be"
-Brazil
-Simandau (benefit Rio)
-FMG (FMG is now going "Green" in anticipation of China's needs)
-RIO
-BHP (at the bottom of the barrel becayse of high US ownership)
This is all IMO only(not investment advice) and investors should first consult a licensed
Financial Advisor before making any significant investment decisions. This is increasing
more important in these "Trump Turmoil" times.
(20min delay)